Abstract
Details
Keywords
The purpose of this chapter is to contribute to the understanding of environmental reporting differences in the case of Romanian entities. In order to achieve this purpose, we…
Abstract
Purpose
The purpose of this chapter is to contribute to the understanding of environmental reporting differences in the case of Romanian entities. In order to achieve this purpose, we analyze environmental reporting differences for Romanian listed companies using legitimacy theory as a theoretical background.
Design/methodology/approach
We conduct a quantitative research on the Romanian entities listed on the Bucharest Stock Exchange (BSE).
Findings
The quality and quantity of environmental information reported by Romanian company still suffer from irrelevancy and incompleteness. The factors explaining the variation of environmental reporting in the case of Romanian listed companies are the export sales percentage, the BSE category, and size of the company, which demonstrate that larger companies tend to disclose more environmental information to respond to the pressure and to maintain their legitimacy.
Research limitations/implications
The present study uses the content analysis as a research technique of 64 annual reports of Romania listed entities on the BSE. In this regard, a limitation of the study can be the sample size that can be extended and also the content analysis that can be considered subjective.
Practical and social implications
The chapter is of interest to anyone involved in the process of environmental disclosure, either as entity or other stakeholders.
Originality/value
The chapter supplements previous studies regarding environmental disclosure and the theories or factors that can explain environmental reporting differences.